New Energy Vehicles Market Size to Reach USD 286,340 Million by 2027 at CAGR 16.8% - Valuates Reports
New Energy Vehicles Market is Segmented
by Type (HEV, PHEV, EV),
by Application (Commercial Vehicle, Passenger Vehicle). The report covers global opportunity analysis and industry forecasts from 2021 to 2027. It is published on
Valuates Reports in the
Autos & Vehicles Category.
The New Energy Vehicles Market size was valued at USD 96,550 Million in 2020 and is projected to reach USD 286,340 Million by 2027, at a CAGR of 16.8% during the forecast period 2021-2027.
Major factors driving the growth of new energy vehicles market size are:
Rising need to control the pollution due to conventional fuel vehicles.
E-Bike Market: Ongoing Trends and Recent Developments
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E-Bike Market: Ongoing Trends and Recent Developments
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The mountain e-Bike segment is estimated to hold the largest share in the E-Bike Market by 2027
Till 2024, the city Electric Bike Market is expected to be the largest, by usage, globally. However, the popularity of mountain e-bikes is increasing due to their robustness and suitability for mountain/trekking as well as commuting for work and shopping. Therefore, from 2025, mountain/trekking bikes’ demand is expected to be greater than the city/urban e-bikes.
Cargo and folding electric bikes are expected to be the fastest-growing market segment.
Technological advancements and innovative designs have resulted in the introduction of folding and fat-tire e-bikes, which are visually attractive and appealing. The folding e-bikes are flexible, compact, and lightweight. They can be folded while travelling in metros and subways. Therefore, the market for folding and fat-tire e-bikes is expected to grow at a significant rate.